A share price of Sprouts Farmers Market Inc [SFM] is currently trading at $118.85, up 0.49%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SFM shares have gain 1.66% over the last week, with a monthly amount glided 9.36%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sprouts Farmers Market Inc [NASDAQ: SFM] stock has seen the most recent analyst activity on September 16, 2024, when Evercore ISI upgraded its rating to a Outperform and also boosted its price target to $120 from $96. Previously, RBC Capital Mkts started tracking the stock with Sector Perform rating on September 12, 2024, and set its price target to $107. On July 30, 2024, upgrade upgraded it’s rating to Equal Weight and revised its price target to $90 on the stock. BMO Capital Markets upgraded its rating to a Market Perform and increased its price target to $102 on July 30, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $70 on February 27, 2024. Evercore ISI upgraded its rating to In-line for this stock on January 04, 2024, and upped its price target to $45. In a note dated December 12, 2023, Goldman upgraded an Buy rating on this stock and boosted its target price from $37 to $49.
Sprouts Farmers Market Inc experienced fluctuations in its stock price throughout the past year between $39.76 and $118.59. Currently, Wall Street analysts expect the stock to reach $94.61 within the next 12 months. Sprouts Farmers Market Inc [NASDAQ: SFM] shares were valued at $118.85 at the most recent close of the market. An investor can expect a potential drop of -20.4% based on the average SFM price forecast.
Analyzing the SFM fundamentals
Trailing Twelve Months sales for Sprouts Farmers Market Inc [NASDAQ:SFM] were 7.19B which represents 11.89% growth. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.27 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 117.39 points at the first support level, and at 115.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 119.60, and for the 2nd resistance point, it is at 120.36.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Sprouts Farmers Market Inc [NASDAQ:SFM] is 1.03. Also, the Quick Ratio is 0.44, while the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 1.66, the price to book ratio is 9.38 and price to earnings (TTM) ratio is 37.31.
Transactions by insiders
Recent insider trading involved Hamilton Dustin, Chief Stores Officer, that happened on Oct 11 ’24 when 921.0 shares were sold. Officer, Dustin Hamilton completed a deal on Oct 11 ’24 to buy 723.0 shares. Meanwhile, Chief Executive Officer Sinclair Jack sold 5714.0 shares on Oct 08 ’24.
